Credit, Collections & Insolvency News
Barclays has confirmed that it will acquire specialist lender Kensington Mortgage Company in a £2.3 billion deal. Kensington, which has 600 staff and specialises in offering mortgages to the self-employed and borrowers with more complex incomes, is being sold by private equity owners Blackstone and Sixth Street. The company originated around £1.9bn of mortgages in…
Read more
Global information and insights company, TransUnion has announced a partnership with Lloyds Bank to look after the credit health of its customers with free access to their credit score via an interactive dashboard. The ‘Your Credit Score’ service, has already seen almost one million of the bank’s customers checking their credit score for the first time in April. Kelli…
Read more
Global information services company, Experian, has announced that it is expanding its automated employment and income verification services to broaden UK employees’ access to better financial products and services. The digital service will automate the time-consuming process of sharing payroll and employment information with lenders, provide an instant and secure alternative for verifying such information…
Read more
Yorkshire Building Society (YBS) has announced that it has appointed Alasdair Lenman as Interim Chief Executive Officer (CEO) and Robert Purdy as Interim Chief Finance Officer. Stephen White, who has been acting as Interim Chief Executive Officer, will leave YBS to take on a new role at Santander. The Society says both appointments are subject…
Read more
Tandem Bank has announced the appointment of Paul Pester as Non-Executive Director and Chair-Designate, subject to regulatory approval. Tandem’s current Chair, Jeffrey Pritchard, informed the Board earlier in the year that he planned to retire at the end of June having led Tandem through a period of significant transformation since joining the bank in 2016. …
Read more
MotoNovo Finance has announced that it has appointed Matt Lucas to the business’ newly created position of Head of Partnerships The Partnerships & Transformation Team includes all of MotoNovo’s partnership, specialist asset, sales development and distribution functions, including field sales specialists, distribution specialists, L&D specialists and partnerships, along with plans to grow in new specialist…
Read more
Global payments platform for digital Account-to-Account transactions Trustly, has announced the acquisition of Open Banking Payments platform Ecospend. Ecospend’s strong UK A2A product and full bank connectivity will complement and enable Trustly to further accelerate its UK roll-out – one of Europe’s most rapidly growing A2A regions and a core growth market for Trustly. Four…
Read more
LendingMetrics has announced that it has launched a new SaaS platform called DeeJoop. The data specialist’s DeeJoop platform, which is set to be used by lenders for the first time this week, distills credit risk data from multiple bureaus to produce a ‘net’ credit file for consumers. Using proprietary algorithms, it interrogates the large quantity…
Read more
Global credit intelligence company, Pepper Advantage has announced the appointment of Anna Agafonova as Group Chief Finance Officer. Formerly Group CFO at SWIFT, Agafonova was responsible for the execution of SWIFT’s business strategy and priorities, driving the company’s growth and performance, digital transformation, including robotics and machine learning, and leading a team of 200+ finance,…
Read more
Digital bank Tandem has announced the appointment of a key appointment within its executive team. Georgina Whalley joins Tandem in the newly created senior role of Chief Impact and Marketing Officer. Whalley is mandated with accelerating and amplifying Whalley joins Tandem having held senior roles at global consumer fintech Openpay for the past three years,…
Read more
Anti-money laundering (AML) firm SmartSearch has appointed Collette Allen as Chief Operating Officer (COO) Allen joined the company in 2013 as a Senior Support Specialist and, within two years, earned a position as Head of Client Services. Five years later, she was appointed to the SmartSearch board as Client Services Director. At 30, Allen was…
Read more
Laura Barley has been appointed as Chief Operating Officer (COO) for TransUnion in the UK. TransUnion pledged in 2019 that it aimed to achieve gender parity in senior leadership by 2030 in all the regions it operates in. The UK leadership team, which is now 50% female, is a testament to that commitment being put…
Read more
Jaja Finance has announced it has signed a deal with Asda, in conjunction with global payments technology leader Visa, to provide digital, reward-led credit cards to Asda’s 18 million customers. The new credit card, to be launched later this summer, will allow customers the opportunity to earn rewards on their credit card spend which they…
Read more